Category Archives: Sports Betting

International Sports Betting returns to New Jersey next week for the SBC Summit North America.

New Jersey will become the center of the international sports betting industry next week when executives from across the world travel to the Meadowlands Exposition Center for SBC Summit North America, which runs from November 30 to December 2.

The event is set to be the largest sports betting and iGaming conference and tradeshow of 2021, as the industry gathers to learn from the sectors most successful brands and to exchange ideas about the future of mobile wagering, and casino and arena sports books.

New Jersey is the number one success story that executives will be hoping to discover more about, as the industry here continues to set the standards that other states aspire to.

Having already taken Nevadas title of biggest sports betting market in the U.S., NJ set a new record of $1billion in sports wagers taken in September and then surpassed that mark in October, as sustained interest in NFL markets took the total to a staggering $1.3billion.

Figures published by the NJ Division of Gaming Enforcement show that $1.18 billion worth of those bets were placed online, which helped to drive the states total gaming tax revenue to $45.8 million for the month and $396.8 million for the year to date.

In addition to translating into valuable funds for the public purse, the huge sums staked also demonstrate that the focus on technological innovation, product development, and creative marketing strategies has really worked for NJs mobile sports books.

Those themes will be central to the discussions at SBC Summit North America, as executives from FanDuel, DraftKings, BetMGM, Ballys, Caesars Digital, Unibet, Penn National Gaming, PlayUp, MaximBet, and many more share insights on the latest developments in the market.

There will also be a major focus on the future of sports betting in the U.S. and Canada; not only from regulatory and commercial standpoints, but also with an eye on the developments that players can expect to see in the next two years.

How will in-play wagering evolve as faster technology arrives? Can the industry create an engaging college sports betting experience? What is the future for fantasy sports? Is sports trading the next big market?

How can operators develop esports wagering offers that appeal to mainstream bettors? What do players really need from mobile sports books and how can operators improve the user experience?

All these questions will be addressed in detail, alongside an in-depth look at the ever-strengthening relationship between the betting industry, professional sports and mediabrands and how that can evolve to deliver the content and experience that fans want.

Representatives of the New York Jets, MLB, NASCAR, the CFL, ESPN, WarnerMedia, and Yahoo Sports are among those set to share their thoughts on what players can look forward to from these partnerships, whether that is exclusive fan experiences, betting-focused broadcasting content, fan-only offers, or something innovative that has not been tried before.

To find out more about SBC Summit North America, which runs from November 30 to December 2, or to book a pass, visit http://www.sbcevents.com.

Note to readers: we may earn a commission from the offers and links on this page.

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Sports betting industry heads to NJ for sector's biggest conference - nj.com - nj.com

New Jersey, which has taken over as the top state for sports betting, has a profit of $608 million on completed sports bets made this year, through October.

More than half of that profit came from parlays.

The New Jersey Division of Gaming Enforcement put out its October figures on Wednesday, and other than the sheer volume of sports betting in the state, the most startling number might have been how much of the house's profit has come from parlays. Through October, it was $335.2 million.

That means parlays account for about 55.1 percent of the state's overall profit on sports betting. Think about that before you play that five-teamer hoping for a big score.

If you bet parlays, you know how hard it is to hit them. You'll hit one and keep chasing that win you told all your friends about. That's the allure.

That's also why they're so profitable for sportsbooks. Here's the breakdown on New Jersey's year-to-date profits via the state's figures though October:

Parlay $335,232,531 Other $105,343,521Basketball $75,282,173Baseball $53,555,836Football $38,600,964

The house always wins. It just wins at a faster rate with parlays.

Here's New Jersey's win percentage on each category of bets through October, based on the total handle the sportsbooks take in for each:

Parlay 17.1%Other 5.3%Baseball 4.2%Basketball 3.9%Football 3.2%

Many NFL bettors like betting parlays each week, and sportsbooks profit from them. (AP Photo/Scot Tucker)

New Jersey does a ton of business on sports betting. The handle for sports betting this year on completed events is almost $8.4 billion. The profit from casinos, racetracks, and their partners in sports betting was $84.2 million in October, according to the New Jersey Division of Gaming Enforcement.

Parlays are the biggest part of that. A parlay is a combination of games with odds increasing with each game. A three-team parlay usually pays 6-to-1 if you win, but a bettor needs to win all three games. Going 2-1 on those three games is just a loss for a bettor. You'll see stories of 12-team parlays with more than 300-to-1 odds hitting, turning a small bet into a small fortune, but they're hard. The payoff is enticing though. That's why people play the lottery.

Casual bettors will always lean into parlays. Just remember that the sportsbooks are more than happy to take those parlay bets.

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New Jersey's sports betting figures offer a reminder of how hard parlay bets are to win - Yahoo Sports

USAbility, the strategy, compliance, and delivery consultancy for the igaming sector, has partnered with Fubo Gaming, a subsidiary of sports-first live TV streaming platform fuboTV Inc, and developer and distributor of Fubo Sportsbook.

Fubo Sportsbook, the first owned-and-operated live TV streaming-integrated mobile sportsbook in the US, is now live in Iowa for sports bettors 21 years of age and older to wager on thousands of professional and collegiate sporting events.

USAbility has supported Fubo Gaming throughout its launch process, including offering consultation and advice on the overall market entry preparation program and providing expert advice in the areas of regulatory compliance, product, operations, trading and risk strategy, sportsbook configurations, and more.

Scott Butera, President of Fubo Gaming, said: Entering the Iowa market is an important next step to bringing engaging TV and wagering experiences to sports fans across the nation. USAbilitys unmatched expertise paired with their knowledge of the American gambling market, particularly in Iowa, played an integral role in helping us enter the state.

We look forward to our continued partnership with them as Fubo Sportsbook further builds and delivers a personalized omniscreen experience that turns passive viewers into active participants.

Following receipt of requisite regulatory approvals, Fubo Gaming will announce the launch of Fubo Sportsbook in additional markets. USAbility will continue to provide tailored delivery plans for each market launch, including state-specific guidance.

Avi Howard, CEO of USAbility, said: We are delighted to have helped Fubo Gaming enter the state of Iowa and are looking forward to working with them to enter more US states in the future. We are also looking forward to helping them develop their proposition in the Hawkeye state.

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Fubo Gaming goes live with sports betting in Iowa via partnership with USAbility - SBC Americas

ATLANTA Youve probably seen all the commercials during football games.

FanDuel and DraftKings are leaders in the booming world of online sports betting.

Georgia is considering joining a growing number of states legalizing gambling on sports. But some worry the multibillion-dollar industry is accelerating gambling addiction.

Sports betting back in the day meant a call to your bookie or maybe a trip to Las Vegas.

Now, with apps like DraftKings and FanDuel you can do it on your phone, anytime, anywhere and in some cases score big.

I know a lot of people who have made some pretty good money off it as well. Like, literally putting in ten bucks and then make 17 grand, said Atlanta resident and sports fan Gregory Meah.

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Why not? I mean it really doesnt hurt anyone. It might hurt your wallet, said sports fan Meg Deshaies.

The pandemic has driven the exploding popularity of legal online sports betting. Many sites offer free money to sign up.

Gamblers can wager all sorts of bets: a players performance, scores at halftime, you name it, you can probably bet on it instantly.

For a compulsive gambler that can be a recipe for disaster.

Its instant access and it carries the most important thing that a gambler has to have, and that is secrecy. Gambling is a hidden addiction, said Michael Burke, a recovering compulsive gambler and the executive director of the Michigan Association on Problem Gambling.

Burke is a former attorney and hes among those sounding the alarm over online sports gambling. His casino gambling addiction led him to steal $1.6 million from his clients.

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It got so bad, I remember one night I was down at my office and I knew it was all coming to an end. I had gone through a lot of clients funds, said Burke. I was going to commit suicide that night, I had a gun.

Instead, he quit gambling, turned himself in and spent three years in prison for his crimes.

He acknowledges the majority of people who bet sports online do it responsibly. But for some it can quickly turn from a compulsion to a life ruining addiction.

Were going to have people going through bankruptcy, were going to have divorces, embezzlement, suicides, said Burke.

Thirty-two states have legalized online sports betting. Many lawmakers support it as another stream of tax revenue. Professional sports leagues, including the NFL and NBA, are all in as well, saying it boosts fan engagement.

Who are most of those betting fans?

Online sports betters are overwhelmingly young males. If youre a college graduate, youre twice as likely to bet sports than if you only have a high school diploma, said Keith Whyte, the executive director of the National Council on Problem Gambling.

The organization is an advocate for problem gamblers and their families. It takes no position for or against legalized gambling.

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The National Council on Problem Gambling also is expressing concerns about the rapid rise in online sports betting. Whyte said the 24-hour access to betting encourages more risk taking.

And frankly that leads to a lot of chasing losses, because folks that bet on sports think they cant always lose so the best way to get out of the problems is to keep betting more and more. We call it chasing your losses, that rarely leads to good outcomes, said Whyte.

Channel 2 Action News reached out to FanDuel and DraftKings about the blitz of sports gambling ads. They declined comment.

Last year DraftKings and FanDuel told Channel 2 Action News they have gambling guardrails.

By not extending credit youre not allowing people to get into a financial position that can be concerning, said Stacie Stern, FanDuels governmental affairs director.

DraftKings said those safeguards include time restrictions and deposit limits.

We have throughout our platform a tremendous amount of different protection to make sure that responsible gaming is paramount to the experience, said Matt Kalish, the president and co-founder of DraftKings.

Legislation to legalize online sports betting in Georgia has passed Senate and House Committees and will head next to the House floor.

The bill currently does not include any new money for gambling prevention and treatment programs, but that could change. That is a big concern. According to the National Council on Problem Gambling Georgia is currently underfunding those programs.

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Legalizing online sports gambling expected to lead to rise in problem gambling - WSB Atlanta

Legal sports betting has been happening on the premises of Arkansas casinos since 2019, but online wagering has yet to be authorized in the state. Regulators have started a process that could lead to the legal launch of online sports betting in the state.

Arkansas regulators have kicked off a process that could lead to the lawful launch of online sports betting in the southern state.

Legal sports betting has been happening on the premises of Arkansas casinos since 2019, but online wagering has yet to be authorized.

That could change in the not-too-distant future after the Arkansas Racing Commission voted last week to publish notice that they are considering the adoption of new rules allowing for mobile sports betting anywhere in the state.

There is now about a month for the public to chime in with their comments about online wagering, which chairman Alex Lieblong said theyve already been doing with him.

The move towards mobile wagering in Arkansas comes as legal sports betting continues to spread across the United States, including in neighboring Louisiana, whereonline sportsbooks could start legally operating in early 2022. It also comes as Arkansas residents are apparently already betting with offshore or illegal sportsbooks.

Theyre doing it anyway, and its about time that we bring it in so that Arkansas gets their share of the revenues, Lieblong said.

The Saracen Casino Resort in Pine Bluff, Southland Casino Racing in West Memphis, and Oaklawn Racing Casino Resort in Hot Springs are the three casinos that are already legally taking sports bets in Arkansas. Another casino was also authorized by the racing commission recently for Pope County, according to the Arkansas Democrat-Gazette.

The rules now being proposed would allow the Arkansas casinos to partner with up to two sportsbook operators to take online bets on their behalf from anywhere in the state, the commissioners were told.

But one sticking point has already emerged over potential revenue sharing between a casino and any operator with which they may contract. John Burris, a lobbyist whose firm counts DraftKings and FanDuel as clients, took aim at a unique rule being proposed that says the majority of revenue generated from mobile sports betting must go to the casino.

Burris told the commissioners that they dont believe the state should be dictating business-to-business arrangements for any revenue sharing, warning it could reduce competition, consumer choice, and tax receipts for the state.

We think it should be something that's negotiated between businesses and then approved with you on the back end, he said.

Burris was joined by Sean Ostrow, a lobbyist for BetMGM and other sportsbook operators, who said the terms of market-access agreements can depend on the contract. However, he added that generally speaking, the average arrangement can see between five and 15 percent of sports-betting revenue paid to market-access partners, which would be the casinos in Arkansas.

Casinos dont have to partner with online operators if they dont want to, either.

It can't be emphasized enough that absolutely nothing in this rule, nor nothing we want, requires them to contract with the national brand, Burris said. We're going to raise the point through the public comment period and through outreach that the state dictating some sort of revenue share just ties one hand behind our back when trying to negotiate a deal.

Whether the revenue-sharing rule is ultimately adopted remains to be seen. The Arkansas Racing Commission will meet again on December 30 and could approve new online sports betting rules at that time. A legislative committee would have to approve any new rules as well.

Yet there was a legal question raised by commission staff about whether allowing a third party to receive more than 50 percent of sports-betting proceeds would mean the party was operating as an unauthorized casino gaming entity in the state.

Arkansas voters approved an amendment in 2018 to the state constitution that allows for casino gaming at four casinos in four specific spots. The definition of casino gaming in the state included sports betting, which online operators could offer under the proposed rules.

Burris said they don't think revenue-sharing dictates operational control.Lieblong, meanwhile, said the commission wants to ensure Arkansas has a first-class product for bettors without finding out later that theyre getting shortchanged.

I'd like to see this done as quickly as possible and bring it out into the light so to speak, he added.

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Arkansas Takes Step Towards Online Sports Betting with Proposed Rules - Covers

OMAHA, Neb., Nov. 23, 2021 /PRNewswire/ --Exodus Movement, Inc.(tZERO ATS: EXOD), (the "Company" or "Exodus") a leading non-custodial cryptocurrency software platform, today announced its wholly owned subsidiary, Proper Trust AG, entered an agreement with SportX, the online sports and crypto betting platform. Exodus wallet users in approved jurisdictions may now access the services offered by SportX and place bets on a range of worldwide sports and Esports in cryptocurrency. By using the Polygon blockchain smart contract transactions are secured and payouts made on time. All Transaction fees are covered by the platform.

The SportX application can now be installed with the newest version of Exodus Wallet's desktop and mobile apps. The minimum bet amount is $5 USDC, which can either be sent directly to the wallet or exchanged from any of the 138 digital currencies supported by the Exodus Wallet.

"Many sports and eSports fans are already such a big part of the global DeFi community, it seemed an obvious next step to bring them together in a single experience," said Exodus CEO and co-founder JP Richardson. "With stellar user experience a core part of Exodus' DNA, SportX was an ideal partner to help us expand into the sports betting arena and further our mission to empower people to control their own wealth."

The SportX app is now available to Exodus users in all locations with congruent betting laws. The full list of unavailable jurisdictions can be found here: https://help.sportx.bet/en/articles/3613372-terms-and-conditions

About Exodus

Exodus is on a mission to empower half the world to exit the traditional finance system by 2030. Founded in 2015, Exodus is a multi-asset software wallet that removes the geek requirement and keeps design a priority to make cryptocurrency and digital assets easy for everyone. Available for desktop and mobile, Exodus allows users to secure, manage and exchange cryptocurrencies like Bitcoin, Ethereum, and more across an industry-leading 10,000+ asset pairs from a beautiful, easy-to-use wallet. The non-custodial functionality is encrypted locally on users' own devices, ensuring privacy, security and complete control over their wealth. For more info visit exodus.com.

Press Contacts[emailprotected]

Ryan Dennis[emailprotected]+1 (727) 697-7626

About SportX

The SX (SportX) Protocol is a suite of smart contracts and web applications on the Polygon blockchain that enables the creation, trading, and settlement of blockchain-based sports betting and political prediction markets. SX currently facilitates over 500 sports and politics-focused markets every day, having settled over $75m in trading volume since inception. SX uses the power of decentralized finance and community ownership to give bettors a transparent betting platform that is owned, operated, and governed by the community.

SOURCE Exodus

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Exodus Announces In-Wallet Sports Betting with SportX Integration - PRNewswire

Today, investors inGenius Sports(NYSE:GENI) andGENI stock are seeing some intense selling pressure.

Source: Karolis Kavolelis / Shutterstock.com

Indeed, shares of GENI stock have lost nearly one-third of their value in a single day. Thats a massive hit for any individual stock, particularly over such a short period of time.

This move is a continuation of what has been some rather bearish momentum for Genius over the past month. Shares of GENI stock have now been cut by more than half as investors appear to look for other high-growth options to invest in today.

Of course, growth stocks have been hit hard in recent days. Concerns about the potential for faster-than-anticipated tapering following the re-nomination of Jerome Powell as Federal Reserve chairman have something to do with this. The entire Nasdaqexchange has been taking a breather (thats a nice way of putting it) this week.

However, lets dive into what investors are watching with this stock.

On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2021/11/geni-stock-alert-9-things-to-know-about-the-sports-betting-play-amid-the-massive-selloff/.

2021 InvestorPlace Media, LLC

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GENI Stock Alert: 9 Things to Know About the Sports Betting Play Amid the Massive Selloff - Investorplace.com

The point spread on the Ohio State-Michigan game grew significantly over the weekend.

The early lines that began popping up at sportsbooks last week had the Buckeyes as 4.5- to 6-point favorites. But after Ohio State blew out Michigan State on Saturday, sportsbooks reopened the Buckeyes as 8-point favorites.

One respected oddsmaker, however, believes that number is on the high side.

"I really like Michigan. I've liked them all year," Matt Metcalf, sportsbook director for the Las Vegas-based Circa Sports, said Sunday, a few hours after opening the Buckeyes at -7. "I just think this is just a different game than the other opponents Ohio State has faced so far this year. I think if anyone has a chance to keep it close, I think this may be the one."

Money poured in on the Buckeyes at Circa, limit bet after limit bet. For every bet on Michigan, Metcalf said there were six on Ohio State in the first four hours that the line was on the board.

"It's pretty much been all one way on Ohio State," Metcalf said. "I just couldn't bring myself to hang higher than seven, because I know I would've had this game like five last week. After making the adjustment for Ohio State shredding Michigan State, and Michigan beating a bad Maryland team, I think my number was -7, but I can see -8. It just felt like to go from five to eight over one week's results felt aggressive to me, so I kind of just wanted to hang seven and take the money."

A daily sports betting news and information show (6-7 p.m. ET, ESPN2) that aims to better serve the millions of sports fans who participate in sports wagering and help educate general sports fans with in-depth analysis. Watch

The SuperBook at Westgate Las Vegas also reported the bulk of the early action being on the Buckeyes.

The line was sticking Ohio State -8 at most sportsbooks Sunday night, and Metcalf said he didn't expect it to get much higher. "I've been really high on Ohio State all year," he said.

"I feel like I've been ahead of the market on them. At the point, the market has passed me by on it, it makes me feel like that we've maybe over-adjusted maybe a little. Sometimes, though, these good teams hit another level at the end of the season, and you see the top three or four teams play at a much higher level.

"This, to me, is a big game, because I respect Michigan, and if Ohio State walks in there and wins easy, I'd probably have them favored over Alabama."

Underdogs once again held their own Sunday, going 7-6 against the spread, with five outright upsets. Underdogs (92-69-1 ATS) have covered the spread in 56.8% of games this season.

The half dozen upsets fueled another winning Sunday for sportsbooks. "Not the best day for the punters," Craig Mucklow of Caesars Sportsbook said. Mucklow said the book won big on the Cardinals and Ravens, two teams missing their starting quarterbacks.

The Cardinals, who closed as 3-point underdogs, upended the Seahawks, behind backup QB Colt McCoy. With the win, Arizona became the first team in the Super Bowl era to win five straight games outright as an underdog in a single season, according to ESPN Stats & Information.

Ravens quarterback Lamar Jackson was ruled out due to illness shortly before Sunday's 1 p.m. kickoff against the Bears. The Ravens, who had been as high as 6.5-point favorites early in the week, closed as 1-point favorites and won 16-13.

The most popular bet at PointsBet's Illinois sportsbook was Ravens on the money line.

The Vikings' 34-31 win over the favored Packers produced the biggest win of the day for DraftKings and the SuperBook.

"The Vikings winning was huge for us," John Murray, executive director of the SuperBook, told ESPN on Sunday. "We also did very well on Washington [27-21 win over the Panthers[ and the Colts [41-15 win over the Bills]. Those were our three biggest needs in the morning, and we got them all."

The slew of upsets on a nearly weekly basis has left oddsmakers with a variety opinions on who the best team in the NFL really is.

"You could ask five people and get five different answers at this point," Murray said. "Tampa Bay probably plays to the highest number right now, but before the games kicked off today, I think the answer most people would have given you is Buffalo. The Packers and Chiefs are right there as well. And all of a sudden the Patriots look as good as any team in the AFC. It's an unusual situation with so many of these potential playoff games being toss-ups. These teams would all be laying three points or less at home against each other. Weird season, but should set up for a great playoffs."

Mucklow of Caesars said his top team in the NFC is the Cardinals, emphasizing that holding out quarterback Kyler Murray to give him extra weeks to heal his injured ankle could be key down the stretch.

"In the AFC, the Patriots look really dangerous," Muckow said.

And Jason Scott, vice president of trading for BetMGM, said his Super Bowl pick right now is a rematch of last season between the Chiefs and Buccaneers. "Their talent levels are the best," Scott said.

Jim "Mattress Mack" McIngvale, a popular Houston furniture store owner who regularly places large wagers to mitigate risk on promotional giveaways, was back at it last week. On Friday, McIngvale placed two bets, totaling $2 million, on the New England Patriots to win the Super Bowl at 23-1 odds. He bet $1.25 million at Barstool Sportsbook and $750,000 with the Score. If the Patriots, who have won five in a row, win the Super Bowl, McIngvale would win a net $46 million from the wagers.

Barring dramatic line movement, Alabama will be favored for a 92nd straight game Saturday, when the Crimson Tide take on Auburn in the Iron Bowl. It's the longest such streak in college football history, but it's likely coming to an end the following week, when Alabama faces No. 1 Georgia in the SEC championship game. Caesars Sportsbook installed the Bulldogs as 3.5-point favorites over Alabama. If the line holds, it would be first time the Crimson Tide have been an underdog since Oct. 3, 2015, when Alabama was a 1-point underdog at Georgia. The Tide won that game 38-10.

Alabama also owns the second-longest streak of being favored at 72 games, a run that began in 2010 and lasted until the 2015 meeting with Georgia.

Michigan State plus the points was the most popular bet -- by tickets and money wagered -- Saturday morning at PointsBet. The Spartans, who were 19.5-point underdogs to Ohio State, lost to the Buckeyes 56-7.

Ohio State quarterback C.J. Stroud emerged as the consensus favorite to win the Heisman Trophy, after his prolific performance against Michigan State. Stroud entered the weekend at +250, the second choice behind Alabama quarterback Bryce Young. Stroud is now the odds-on favorite at -220 at Caesars Sportsbook. Young is +175.

Other notable opening lines via Circa Sports:Mississippi at Mississippi State (-3, 63.5)North Carolina at North Carolina State (-7, 63)Cincinnati (-14, 58.5) at East CarolinaGeorgia (-34, 54.5) at Georgia TechFlorida State at Florida (-2, 59.5)Alabama (-21, 51.5) at AuburnTexas A&M (-7, 45.5) at LSUOklahoma at Oklahoma State (-3, 50.5)

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Notable bets - Behind the Ohio State-Michigan line and the early betting action - ESPN

Dublin, Nov. 22, 2021 (GLOBE NEWSWIRE) -- The "Gaming Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The global gaming market was valued at USD 173.7 billion in 2020, and it is expected to reach a value of USD 314.40 billion by 2026, registering a CAGR of 9.64% over 2021-2026.

Due to nationwide lockdown, people stay home, and some turn to game platforms to pass the time. These platforms are attracting more than hundreds and thousands of new visitors in online traffic. Video gaming trends have experienced a massive surge in players and revenue recently.

Companies like Microsoft, Nintendo, Twitch, and Activision have all reached new heights in player investment. In April 2020, Microsoft reported that subscribers to Xbox Game Pass, a Netflix-like subscription service, topped 10 million. Among those subscribers, Microsoft also reported a 130-percent increase in multiplayer engagement across March and April.

Key Highlights

Cloud gaming is an emerging technology across the industry that allows users to stream high-end games across hand-held devices, such as laptops, tablets, and mobiles, with fast network connectivity, eliminating the need for a dedicated gaming console/PC.

Cloud gaming services are focused on leveraging hyper-scale cloud capabilities, global content delivery networks, and streaming media services to build the next generation of social entertainment platforms. Such factors have an anticipated positive impact on market growth.

5G is also driving the mobile-based VR gaming market. For instance, in May 2020, Archiact announced its partnership with Migu (a subsidiary of telecom provider China Mobile) for Archiact's games that would be the first VR games to be playable via Migu's 5G cloud gaming platform, named Migu Quick Gaming. Also, by partnering with Migu, Archiact states that it can work together to build the future of 5G VR cloud gaming, making VR even more accessible.

Moreover, the increasing applications of immersive technologies, such as virtual reality, augmented reality, and mixed reality, are anticipated to be a cornerstone in the gaming industry. Companies such as BigScreenVR and AltspaceVR are some of the prominent players in this segment.

According to NewGenApps, by 2025, AR and VR games' global user base is estimated to increase to 216 million users. According to a worldwide survey of technology company executives, startup founders, and investors, 59% of the respondents believe that gaming will dominate the investment directed to the development of VR (Virtual Reality) technology.

Some of the market's prominent vendors are also focusing on expanding their product portfolio, releasing new games and consoles in the market in multiple formats. For instance, Sony Interactive Entertainment (SIE) announced the PC port of its 2017 release, Horizon Zero Dawn, and confirmed the release of Death Stranding on PC post its PS4 premiere. Sony also unveiled the PlayStation 5, which features an enhanced controller and visual capabilities to improve the User experience.

Microsoft unveiled their competitor lineup consisting of the XBOX Series X and the XBOX Series S for the budget segment. At the same time, Nintendo accentuated the growth of the Nintendo Switch Lite in 2020.

In August 2020, AGS announced an agreement under which the leading game content supplier Intouch Games Ltd, through its Slot Factory content-development brand, would provide game content for AG S' real-money game aggregation platform serving many of the world's largest online real-money gaming operators.

Key Market Trends

Story continues

Competitive Landscape

The Gaming Market is highly fragmented as the demand for online games and increasing penetration of mobile applications across the various region is catering to an intense rivalry in the market. Key players in the market are Sony Corporation, Microsoft, Nintendo, etc. that try to keep innovating and releasing next-generation gaming consoles provides significant competition among the rivals.

February 2021- Electronic Arts Inc. acquired Codemasters, a racing game platform, to expand its racing games and expects to launch a new racing game every year. The existing franchises of Codemasters, including Formula 1, DIRT, Project CARS, and GRID, were absorbed into EA's portfolio, which consists of Need for Speed, Real Racing and Burnout.

February 2021- EA sports announced the partnership with Criterion, DICE, and DICE LA for the launch of the Battlefield game by 2021. The project is moving toward the franchise's earliest Alpha and will fully utilize the next-generation consoles.

March 2021- The company announced the launch of Madden NFL 21, which is packed with new features like Face of the Franchise: Rise to Fame, Superstar X-Factors 2.0, and innovative gameplay enhancements.

Key Topics Covered

1 INTRODUCTION1.1 Study Assumptions and Market Definition1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS4.1 Market Overview4.2 Industry Attractiveness - Porter's Five Forces Analysis4.3 Technology Snapshot4.4 Assessment of the Impact of COVID-19 on the Market

5 MARKET DYNAMICS5.1 Market Drivers5.1.1 Rising Internet Penetration5.1.2 Emergence of Cloud Gaming5.1.3 Adoption of Gaming Platforms, such as e-Sports Betting and Fantasy Sites5.2 Market Restraints5.2.1 Issues, such as Piracy, Laws and Regulations, and Concerns Relating to Fraud During Gaming Transactions

6 MARKET SEGMENTATION6.1 Gaming Type6.1.1 Console6.1.2 Tablet6.1.3 Smartphone6.1.4 Downloaded/Box PC6.1.5 Browser PC6.2 Geography

7 COMPETITIVE LANDSCAPE7.1 Company Profiles7.1.1 Sony Corporation7.1.2 Microsoft Corporation7.1.3 Apple Inc.7.1.4 Google LLC (Alphabet Inc.)7.1.5 Bandai Namco Entertainment Inc.7.1.6 Take-Two Interactive Software Inc.7.1.7 Nexon Company7.1.8 Nintendo Co. Ltd7.1.9 Activision Blizzard Inc.7.1.10 Electronic Arts Inc.7.1.11 Ubisoft Entertainment SA7.1.12 Square Enix Holdings Co. Ltd7.1.13 ZeptoLab OOO7.1.14 Tencent Holdings Ltd7.1.15 Sega Games Co. Ltd7.1.16 Capcom Co. Ltd7.1.17 NetEase Inc.7.1.18 Interactive Entertainment7.1.19 Beijing Kunlun Technology Co. Ltd

8 INVESTMENT ANALYSIS

9 FUTURE OF THE MARKET

For more information about this report visit https://www.researchandmarkets.com/r/c3bbk1

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Global Gaming Industry Outlook 2021-2026 - Adoption of e-Sports Betting and Fantasy Sites is Driving Further Growth - Yahoo Finance

Regulated / Legal U.S. Sports Betting

Closely connected to the issue of daily fantasy sports is the issue of regulated sports betting in the United States. On May 14, 2018, the US Supreme Court struck down the 1992 law (PASPA) that made sports betting illegal everywhere except Nevada. This means that sports betting is now in the hands of states to regulate and/or prohibit. The topic of legal online sports betting is appearing in more and more states, a development that well be watching closely as they unfold in the coming years.

LegalSportsReport began as a site aimed at analyzing the daily fantasy sports industry in the United States, and that remains a focus today. We are especially interested in the legal and legislative conversations surrounding DFS, and also in the underlying economics of the daily fantasy sports industry. Additionally, we cover general industry developments, including product innovations, marketing trends, and related topics.

In many ways, the global sports online betting market, led by operators like bet365, provides a template for the market that is likely to eventually evolve for sports betting and horse racing in the United States. And many of the companies that dominate the international sports betting market such as Caesars are poised to become key players in the US sports betting field now that the market is legal and regulated for sports.

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Legal Online Sports Betting States & Industry Coverage